ADVERTISEMENT

India Bulls Back as Sensex Heads for Best Run Since 2007: Chart

India’s benchmark S&P BSE Sensex rises for 10 days in the longest run of gains in over a decade.

India Bulls Back as Sensex Heads for Best Run Since 2007: Chart
The Bombay Stock Exchange (BSE) logo is displayed in front of a bronze bull statue at the Bombay Stock Exchange in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
India Bulls Back as Sensex Heads for Best Run Since 2007: Chart

(Bloomberg) -- Indian equities are on a tear, with the benchmark S&P BSE Sensex rising for 10 days in the longest run of gains in more than a decade. A recovery in global equities from deep losses sparked by the U.S.-China trade spat has helped support gains in the $2.3 trillion market, said Sudip Bandyopadhyay, Group Chairman at Inditrade Capital Ltd. In another boost to sentiment, India’s weather office this week forecast normal monsoon rains this year.

To contact the reporter on this story: Nupur Acharya in Mumbai at nacharya7@bloomberg.net.

To contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Ravil Shirodkar, Kurt Schussler

©2018 Bloomberg L.P.